HS2 Ltd acknowledged that it has not managed these contract risks in an optimal or coherent way.30 In September 2023, HS2 Ltd estimated that the forecast cost of main civil construction work alone had increased by £6 billion (2019 prices) since 2020.31 27 Q 35; Department for Transport, HS2 6-monthly report to Parliament: December 2024, 17 December 2024 28 C&AG’s Report, High Speed Two: A progress update, Session 2019–20, HC 40, 24 January 2020 29 Committee of Public Accounts, High Speed 2: S...

HS2 Ltd acknowledged that it has not managed these contract risks in an optimal or coherent way.30 In September 2023, HS2 Ltd estimated that the forecast cost of main civil construction work alone had increased by £6 billion (2019 prices) since 2020.31 27 Q 35; Department for Transport, HS2 6-monthly report to Parliament: December 2024, 17 December 2024 28 C&AG’s Report, High Speed Two: A progress update, Session 2019–20, HC 40, 24 January 2020 29 Committee of Public Accounts, High Speed 2: Spring 2020 update, Third Report of Session 2019–21, HC 84, 17 May 2020 30 Q 5 31 C&AG’s Report, para 4.6 14 Type: conclusion | Number: 18 | Response status: not_addressed Government response: 3.1 The government disagrees with the Committee’s recommendation. 3.2 The department agrees with the substance of the recommendation but will require more time before it can update the Committee. HS2 Ltd has concluded the first phase of commercial renegotiations, however further work is still needed